MotoNovo challenges Confused.com finance survey findings

MotoNovo Finance has called on the motor industry to make a stand against what it sees as misleading stories focusing upon dealer finance following coverage of a survey compiled by Confused.com.

The Daily Mail published a story detailing what it saw as evidence of a "£1.4 billion a year rip-off" following the publication of a survey of 100 used car dealers by the online comparison website.

But MotoNovo has claimed that the 3.2% APR rate claim is "potentially misleading, being highly selective and based upon the 'low APR example' of a three-tier Representative APR table on their website" - the other tiers being 'moderate' and 'high'.